The PRA has published Consultation Paper 10/16: Regulated fees and levies: rates proposals 2016/17 (CP10/16).

In CP10/16 the PRA consults on:

  • the fee rates to meet the PRA’s 2016/17 Annual Funding Requirement (AFR);
  • proposed rules for introducing a ring-fencing implementation fee;
  • how the PRA intends to distribute a refund from the 2015/16 AFR and the retained penalties for 2015/16; and
  • a consequential amendment to the fees rules as a result of recent policy changes for credit unions.

The proposed AFR for 2016/17 is £257.3 million, an increase of 0.2% to the AFR for 2015/16.

The deadline for comments to CP10/16 is 24 May 2016.

View PRA consults on proposed 2016/17 fees and levies, 24 March 2016